Got gold?
From Motley Fool:
Commercial Paper Funding Facility | Federal Reserve | $1.8 trillion |
| Temporary Liquidity Guarantee Program | FDIC | $1.4 trillion |
| Term Auction Facility (TAF) | Federal Reserve | $900 billion |
| Fannie Mae (NYSE: FNM), Freddie Mac (NYSE: FRE), and Ginnie Mae | U.S. Treasury / Federal Reserve | $800 billion |
| Treasury Asset Relief Program (TARP) | U.S. Treasury | $700 billion |
| Total USD International Currency Swap Lines | Federal Reserve | $688 billion |
| Money Market Investor Funding Facility | Federal Reserve | $540 billion |
| Other Loans: Primary Dealer Credit, etc. | Federal Reserve | $288.7 billion |
| Citigroup (NYSE: C) Guarantee | U.S. Treasury / FDIC | $306 billion |
| Hope for Homeowners Act of 2008 | U.S. Treasury | $304 billion |
| Term Securities Lending Facility (TSLF) | Federal Reserve | $225 billion |
| Term Asset-Backed Securities Loan Facility (TALF) | U.S. Treasury | $200 billion |
| Economic Stimulus Act of 2008 | U.S. Treasury | $168 billion |
| Paid to JPMorgan Chase (NYSE: JPM) to Settle Lehman Brothers Debt | Federal Reserve | $138 billion |
| AIG (NYSE: AIG) Bailout | Federal Reserve | $112.5 billion |
| Bear Stearns Brokered Sale | Federal Reserve | $26.9 billion |
| I'm afraid to look … | Total: | $8,597,100,000,000 |
Posts
12 comments:
You'll love this one Keith; they're all here: Mozillo, Dreier, Schar, Toll, Herbert, Sandler.
All the scum, all your favotites, plus a few others.
http://tinyurl.com/6lap8y
"The festival was over, the boys were all plannin' for a fall,
The cabaret was quiet except for the drillin' in the wall.
The curfew had been lifted and the gamblin' wheel shut down,
Anyone with any sense had already left town."
Bob Dylan
You know, Keith, maybe you are right. It might be time to start shopping for safe havens.
Keith,
Are you taking physical possession of gold or paper?
http://krugman.blogs.nytimes.com/2008/11/28/was-the-great-depression-a-monetary-phenomenon/
if history is a guide, more money will result in a deeper recession and not inflation
Gee, I didn't realize the U.S. was so rich. We actually have trillions of dollars to spend? Wow.
If we don't, then where is it coming from? Are we really 'borrowing' it from other countries? How can we ever repay it?
Or are we 'making' it, like monopoly money? I'm really really confused and ignorant, like most other Americans. Can anyone tell us the truth about this money situation?
Wow, I got to get me a govmint job so I too can be real close to all that new found money and the doling out of such. Think of the perks.
Watch, anyone remotely close to govmint now, will soon be driving brand new Lexus, and mercedes Benz, while shopping in Paris, and living in the Islands while banking in the Caymans.
The private sector simply does not pay, and does not give out free pensions, and insurance, and money like the govmint does.
What the US is doing today is called, 'loot and leave' economics.
That is they are looting the treasury today in order to leave the debt compouded with interest for manana.
Kinda like a screw you its all about me policy. Kids be damned.
8.5 trillion and it really hasn't made much of a difference. or maybe it has and without it we would be in even worse shape...
You know, I'm happy I don't have a wife. If I did, she would expect to have children.
But I will not bring children into this fucked up world.
Two words:
Grover Norquist.
If you're paranoid enough, it can handily explain everything. i.e. that the goal of these programs is not to fix anything but to break it beyond repair and prevent the government from being able to engage in social engineering, welfare programs, or future borrowing. You really think that the current administration would not have had the power to put this off for a few more months and after the election?
We could have bought three or four new deals with the money we've already wasted. Give or take a hoover dam.
I like to believe that the old-school conservatives and moderates who would blanch at such treasonous behavior from within their own party were not driven out entirely.
I'm not that paranoid yet, but I'm not ruling it out either.
Playing off science teacher's post -
http://tinyurl.com/i1w (satirewire)
WTF1920 said...
"But I will not bring children into this fucked up world."
------------------------
FYI, children are our only hope for the future of this world.
If you truly have your head screwed on straight, then having children and raising them right - imparting your wisdom into their growing minds - is the best legacy that you can leave on this earth after you depart from it.
Because if the wise, intelligent, prudent, level-headed people do not reproduce, then who do you think the world will be populated by?
The spawn of the dummies.
Think about it...really!
-Mammoth
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